Ítem
Acceso Abierto
Revisiting the relationship between firm strategic capabilities and productivity in a multilevel analysis: Do labor market conditions matter?
Título de la revista
Autores
García Suaza, Andrés Felipe
Cardenas Echeverri, Fernando
Juan Esteban, Garzón Restrepo
Fecha
2023-01-13
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Editor
Universidad del Rosario
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Resumen
Abstract
This paper studies the relationship between managerial capital, social capital and firm productivity in Colombia, and explores whether this relationship depends on labor quality and formality. Results confirm a positive and significant effect of firm capabilities (managerial and social capital) on TFP (total factor productivity) and suggest a substitution effect between them. A positive effect of labor quality and formality on firm productivity is documented. Even though results are not conclusive, labor quality appears to increase the effect of managerial capital and reduce that for social capital, while labor formality seems to have no impact on their marginal effect. This is important for policy makers reinforcing the importance of quality education, labor formality and the relevance of programs promoting adoption of managerial practices and development of networks.
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Keywords
Productivity , Managerial Capital , Social Capital , Labor formality , Developing countries
